Amazon is cutting jobs en masse

Amazon (AMZN) – Get a free reportthe e-commerce giant, began massive job cuts on Tuesday in response to the economic slowdown that is likely to turn into a recession in the coming months.

The company is expected to cut 10,000 jobs, or about 3% of the company’s workforce, an unprecedented move in its history.

The Whole Foods owner has begun notifying affected employees. Based on testimonials and posts on social networks, the headcount cut affects several divisions, including Alexa and the Luna cloud gaming unit.

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